Gold (XAU/USD) Price Rejection from Supply Zone

3月7日

This 30-minute chart analysis of Gold shows a potential bearish move after rejecting from a key supply zone near 2927 - 2931 multiple times. The price failed to sustain at the 30-Min Order Block (OB) and is showing signs of a downside continuation.

🔹 Key Observations:
- Reversal Area: Price is expected to retest this are before continuing lower.
- 200 EMA Acting as Resistance: The breakdown below this level confirms a bearish bias.
- Bearish Target: Price is likely to reach the 2894 - 2891 demand zone, with an final
target near 2885 (Full TP).

📉 Trading Outlook:
If the price respects the reversal area and fails to break higher, further downside movement is expected. Watch for confirmation signals before entering short trades.

🚀 Stay tuned for live updates and market insights!

3月7日

交易進行

Slowly but gradually market reached our reversal area, now when we have a confirmation now we can take sell entries from here setting SL at previous strong key zone at 2927.

By following this setup we cover good moves around 2:5 Risk Reward Ratio

3月9日

交易結束：目標達成

Just wanted to share a quick update on the Gold (XAU/USD) trade idea I posted a couple of days ago. The market played out exactly as we anticipated! After rejecting the supply zone near 2927 - 2931, Gold moved lower and hit our bearish target zone of 2894 - 2891, eventually reaching the final target around 2885.

The price respected the reversal area and broke below the 200 EMA, which acted as resistance.

Sell entries from the reversal area with a stop loss at 2927 worked out well as the market followed the expected structure.

What’s next?
Now that the target has been hit, it’s a good time to lock in profits and step back. I’ll be keeping an eye on the 2885 - 2880 zone for potential reactions—whether it’s a reversal or continuation, we’ll wait for clear signals before jumping into the next trade.